Dutch Bros (NYSE:BROS) Raised to Strong-Buy at Baird R W

Dutch Bros (NYSE:BROS) was upgraded by stock analysts at Baird R W from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on BROS. TD Cowen increased their price objective on Dutch Bros from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. UBS Group upped their target price on Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Wedbush increased their price target on shares of Dutch Bros from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group lifted their price target on shares of Dutch Bros from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dutch Bros has a consensus rating of “Moderate Buy” and an average target price of $53.45.

Dutch Bros Trading Up 2.4 %

NYSE BROS opened at $57.73 on Monday. The company has a current ratio of 1.90, a quick ratio of 1.68 and a debt-to-equity ratio of 0.79. Dutch Bros has a 1-year low of $25.46 and a 1-year high of $58.96. The stock has a 50-day moving average of $49.68 and a 200-day moving average of $40.33. The firm has a market cap of $8.90 billion, a PE ratio of 199.08, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71.

Dutch Bros (NYSE:BROS) last issued its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Dutch Bros had a net margin of 2.54% and a return on equity of 5.48%. The company had revenue of $338.20 million for the quarter, compared to the consensus estimate of $324.97 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. As a group, sell-side analysts forecast that Dutch Bros will post 0.39 EPS for the current year.

Insider Activity

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 40,323 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $36.03, for a total value of $1,452,837.69. Following the completion of the sale, the insider now owns 125,671 shares in the company, valued at approximately $4,527,926.13. This represents a 24.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $33.48, for a total value of $1,283,589.72. Following the completion of the transaction, the chairman now directly owns 15,610 shares of the company’s stock, valued at approximately $522,622.80. This trade represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 560,698 shares of company stock valued at $19,040,697 over the last three months. Insiders own 46.50% of the company’s stock.

Institutional Investors Weigh In On Dutch Bros

A number of hedge funds have recently bought and sold shares of BROS. Virtu Financial LLC bought a new stake in shares of Dutch Bros in the 3rd quarter valued at approximately $573,000. Baillie Gifford & Co. bought a new stake in Dutch Bros in the third quarter worth $224,461,000. Charles Schwab Investment Management Inc. boosted its stake in Dutch Bros by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,527 shares of the company’s stock worth $22,021,000 after buying an additional 181,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Dutch Bros by 38.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 212,834 shares of the company’s stock worth $6,817,000 after acquiring an additional 58,623 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Dutch Bros in the 3rd quarter worth about $1,786,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Dutch Bros Company Profile

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.